COMPANIES Raj Rajaratnam, the billionaire investor, offered a glimpse on Tuesday of how he plans to contest the insider trading allegations against him as he attacked prosecutors’ use of court-authorised wiretaps and questioned the credibility of one of their key witnesses.
Mr Rajaratnam, the founder of the Galleon hedge fund group, also said investments were made based on research by its analysts that was “more detailed and precise” than any inside information he was alleged to have obtained, his lawyers said in court documents. The documents were filed in response to the US Securities and Exchange Commission, which along with federal prosecutors filed civil and criminal insider trading charges against him and five other individuals last month.
